“In this era of corporate scandal, the world needs more truth tellers. History has consistently shown that law enforcement authorities cannot effectively and efficiently police the marketplace without the assistance of private individuals and entities. Labaton Sucharow is dedicated to helping responsible organizations establish a culture of integrity and courageous whistleblowers to report possible securities Read more about Wall Street in Crisis: A Perfect Storm Looming[…]
Choosing a financial advisor can be an extremely consequential (and difficult) decision. Finding the right one can make a significant difference to your financial future. Finding the wrong one can have devastating consequences.
Unfortunately, many (most?) of the 300,000 or so financial advisors in the United States are simply financial salesmen with excellent communication skills and just enough knowledge of the financial marketplace to be dangerous. And, sadly, most of them work for the best-known Wall Street firms, banks and insurance companies (the part of the industry that those of us who are independent refer to as “the Dark Side”). Suffice it to say, while it’s very easy to find someone with “financial advisor” on their business card, it can be frustratingly difficult to find someone who can actually dispense objective financial advice at a reasonable price.
This is, perhaps, the best (video) explanation I’ve seen on the difference between a broker and a fiduciary. Well worth the 2 1/2 minutes! View the video >>
The Bursting Bubble of Investment Management Riches – Russell Coleman
Advisor’s Alpha – Vanguard
Is Your Financial Advisor Independent ? – Mindy Diamond